The Group’s financial risk management is centralized to capitalize on economies of scale and synergy effects, and to minimize operational risks.
Key figures 2016
Net debt/EBITA: 2.0
Average maturity of borrowing: 4.3 years
Average interest maturity: 4.2 years
Fixed loans: 94.6%
Floating loans: 5.4%
Maturity profile of interest bearing liabilities
Most of Swedish Match’s financing consists of a global medium-term note program (MTN). At December 31, 2016, a total of 10,243 MSEK of the global program was outstanding. The average maturity of the Group’s bond borrowing at December 31, 2016 was 4.3 years.
Swedish Match has had a long-term rating from Standard & Poor's since 1997 and Moody's Investor Service since 1999.